IGI Logo

Technical Stock Pick Buy Route Mobile Ltd For Target Rs. 2190 - HDFC Securities 

TECHNICAL OBSERVATIONS

Symmetrical Triangle Breakout on the daily chart

Stock has surpassed the previous swing high resistance on the daily charts

Volumes during the breakout has been significantly higher than average volume of last one month Primary trend of the stock has been bullish, as stock has been forming higher tops and higher bottoms

Short term moving averages are trading above medium to long term moving averages

Stock has been finding support on its 50 days EMA

Indicators and Oscillators setup has been bullish on short term and medium term charts

Buy Route Mobile Ltd Up to 3 months  @ Average Level 1750 CMP 1825.60 TGT  2190 SL 1680

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

Above views are of the author and not of the website kindly read disclaimer